SlideShare a Scribd company logo
1 of 12
Download to read offline
Infrastructure University
Himalayan College of Management
Kamalpokhari, Kathmandu
Assignment
of
“Strategic Marketing”
Submitted By:
Rashna Maharjan
05201900003
Submitted To:
Sachin Pradhan
Himalayan College of Management
November 13th
, 2022
2
Declaration
I hereby declare that the report entitled “Strategic Marketing Plan of KFC” submitted to Mr Sachin
Pradhan,. Himalayan College of Management as the assignment of Strategic Management in partial
fulfillment of Masters in Business Administration(MBA).
3
Acknowledgement
I would like to express my deepest appreciation to all those who provided me the possibility to complete
this report. I would like to extend my regards to all the team of HCM MBA department for their timely
support. My thanks and appreciations also go to each and every one of our colleagues for their
encouragement and support. Furthermore, I would like to acknowledge with much appreciation to Sachin
Pradhan for providing this opportunity and contributing in stimulating suggestions and encouragement.
4
Table of Contents
Declaration....................................................................................................................................................2
Acknowledgement........................................................................................................................................3
Executive Summary.......................................................................................................................................5
CHAPTER ONE: INTRODUCTION....................................................................................................................6
CHAPTER TWO: SITUATION ANALYSIS ..........................................................................................................7
2.1 Market Summary ................................................................................................................................7
2.1.1 Market Demographics..................................................................................................................7
2.1.2 Market Needs...............................................................................................................................7
2.1.3 Market Trends............................................................................... Error! Bookmark not defined.
2.1.4 Market Growth ............................................................................. Error! Bookmark not defined.
2.2 Swot Analysis ......................................................................................................................................7
2.2.1 Strengths......................................................................................................................................7
2.2.2 Weaknesses..................................................................................................................................7
2.2.3 Opportunities...............................................................................................................................8
2.2.4 Threats .........................................................................................................................................8
2.3 Competition ........................................................................................................................................8
2.4 Product/Service Offering ....................................................................................................................8
CHAPTER THREE: MARKETING STRATEGY.....................................................................................................9
3.1 Mission................................................................................................................................................9
3.2. Financial Objectives ...........................................................................................................................9
3.3 Target Markets....................................................................................................................................9
3.4 Positioning...........................................................................................................................................9
3.5 Strategies ............................................................................................................................................9
CHAPTER FOUR: FINANCIALS ......................................................................................................................11
CHAPTER FIVE: CONTROLS..........................................................................................................................12
5.1 Implementation ................................................................................................................................12
5.2 Marketing Organization....................................................................................................................12
5.3 Contingency Planning........................................................................................................................12
5
Executive Summary
KFC is having a very good atmosphere for its employee to work and the corporate culture is also good to
deal with but there is little problem with the management issues that should be solved. The food quality
and services offered by KFC are excellent. KFC always keeps introducing new variety of chicken and
edible products that helps in continuous improvement and growth in the profit margins. Today’s
generation is very health conscious and prone to hypertension was thinking what if KFC offers or add
fresh produced products such as fruits and vegetables in their menu it can increase their sales as even
vegetarian people can enter KFC and can enjoy the delightful ambient. In terms of 4 P’s KFC is doing
exceptionally excellent.
6
CHAPTER ONE: INTRODUCTION
Kentucky Fried Chicken (KFC) one of the most known fast food chains in the world started in the early
1930's by Kernel Sanders in the Southern USA as a small franchise operation. Colonel Sanders has
become a well known personality throughout thousands of KFC restaurants World wide. Quality, service
and cleanliness (QSC) represents the most critical success factors to KFC's global success. Food, Fun &
Festivity, this is what KFC is all about. Leading the market since its inception, KFC provides the ultimate
chicken meals for the Chicken Loving Nation. Be it Colonel Sanders secret Original Recipe Chicken or
the Hot & Spicy version, every bite brings a YUM on the face. At KFC we proudly say: KFC has more
than 11,000 restaurants in more than 80 countries and territories around the World. In 1971, Heublein,
Inc. acquired KFC, soon after, conflicts erupted between the Colonel (which was working as a public
relations and goodwill ambassador) and Heublein management over quality control issues and restaurant.
Food, fun and festivity, this is what KFC is all leading the maret since its inception, KFC provides the
ultimate chicken meals for a chicken loving nation.
Kentucky was owned by PepsiCo, Inc in 1986. KFC is the world’s most popular and third largest fast
food chicken developer and franchiser. KFC is globally famous for its Original Recipe® fried chicken. It
has 5200 units in US out of which 60 percent are franchised. KFC is well known for its fried chicken and
has 15,000 outlets in the world so it is globally well known. Company participates in many joint venture
operations as well and always tries to find out alternative venues to increase market share to gain better
position in the competitive fast food market and establish a stable position. KFC is a part of Yum!
Brands, Inc. which is world’s largest restaurant company possessing revenues of $11 billion. KFC is part
of the two PepsiCo divisions, which are PepsiCo Worldwide Restaurants and PepsiCo Restaurants
International both based in Dallas. David Novak is the president of KFC. KFC restaurants are located in
109 countries and territories around the world and serves 12 million customer everyday generating sales
of nearly $10 million per year. KFC is able to provide employment to more than 24,000 people globally.
7
CHAPTER TWO: SITUATION ANALYSIS
2.1 Market Summary
The most recognise able brand in chicken with over 30% of the market share
Franchise food chain
Online order options
Deliver orders
2.1.1 Market Demographics
Following factors included in the demographical factors of the pest analysis of KFC:- a) Age: Generally
there is no age limit which is focus by the KFC. They target & focus on each and every age of the society.
But for somehow in our opinion they target heavily on the youngster as compared to the middle & old
age. b) Gender: In this case they generally focus on the both Males & Females of the society & similarly
target them. -: 3 :- c) Household Size: Household size plays a vital role in the demographical factor of
KFC. Generally they target the whole family not a single family members. That’s why he introduced
many family packages meals. d) Population: Population also plays a vital role in the demographical factor
of KFC. In the light of this population they can make their strategy
2.1.2 Market Needs
Consumer needs food
They want chicken or other nonveg
2.2 Swot Analysis
2.2.1 Strengths
Oldest and finest in Business High Goodwill Does not have any Core competitor In chicken
serving Large Number of Outlets at prime locations Serves variety of items under single menu Loyal
customers Faces numerous advantages of being a Multinational Organization e.g. economies of scale,
government incentives etc.
2.2.2 Weaknesses
Presence of Multinational competitors in the market e.g. McDonalds(specialized not in chicken serving
but in burgers) Imported raw material rise their prime cost
8
2.2.3 Opportunities
Cheap and easy availability of labor Increase consumption of fast food has increased the market
size Consumer prefer “All under one roof” in order to increase their sales turnover they can increase or
add the served items
2.2.4 Threats
Entrance of New competitors into the market and intensive competitions
High political instability/uncertainty
Health conscious eating habits
Animal care activities
No support from government agencies
2.3 Competition
1. McDonalds
2. Subway
3. Mr. Burger
4. Burger King
5. Pizza Hut
6. French fries and soft beverages prices with relation to its competitors.
2.4 Product/Service Offering
1. Fried Chicken
2. Hamburgers
3. Sandwiches
4. Fries
5. Soft Drinks
9
CHAPTER THREE: MARKETING STRATEGY
 Gives more priority to family
 Menu consist of more than 30 products
 Open outlets on reachable places
 Offers free home delivery
 Following societal marketing techniques
3.1 Mission
To maximise profitability, improve shareholder value and deliver sustainable growth year after year
To be the leading integrated food services group in the ASIAN region delivering consistent quality
products and excellent customer-focused service
3.2. Financial Objectives
Products are priced high and target middle to upper class people
Adopt cost base price strategy
3.3 Target Markets
KFC targets the young generation, as here in this country the young generation is more towards eating out
and is more energetic. It targets the early single segment that is the upper class
3.4 Positioning
KFC products were first offered to upper socio-economic group. Later, introducing discounted and lower
price deals, they are now dealing in masses. So, KFC has traded down. In doing so KFC has used the
same brand name and same high quality product.
3.5 Strategies
Product Strategy of KFC
The product strategy is a brief outline of the products that a firm needs to sell its customers. For example,
KFC is popular for its world-class chicken burgers and fries. However, the list doesn’t end here. KFC’s
international marketing strategy keeps on introducing new items within the menu. Thus, it helps build a
strong product strategy and supports marketing.
10
Promotion Strategy for KFC
The promotion strategy is connected to the ways in which the products of a firm can be promoted in the
market. For example, KFC promotes itself vigorously as the world’s second-largest fast-food giant. The
promotion occurs through television ads, magazines, newspapers, and commercial hoardings. KFC has
also sponsored the Big Bash League in Australia and many cricket games. Another critical aspect of
KFC’s digital marketing strategy is the slogan “It’s Finger-Lickin”, good that reminds its audience about
lip-smacking food products and delicacies.
Pricing Strategy of KFC
The pricing strategy established by the firms sets up the prices of their products to garner the audience’s
attention effectively. KFC utilises a discriminatory pricing policy for all products. The products have
different pricing and ratings. The food items sold in India are highly affordable. KFC promotes itself
through multiple mediums like TV, social media, News Papers, and more. However, it is still lagging on
sponsoring huge events.
The products sold in different countries have different pricing. Therefore, KFC used price skimming and
market penetration technique. This means that when their competitors entered the market, KFC reduced
the price a lot, and while introducing new products, KFC kept the prices to a minimum compared to the
later stages. This helps them in getting the desired attention.
Placement Strategy of KFC
The placement strategy relates to tracking the places where a firm can contact the potential buyers for the
products. But unfortunately, when it comes to KFC’s market development strategy, KFC’s marketing
team is extremely conventional to chalk out the grounds of their restaurants.
With its audience-winning strategies, KFC has become a big giant today. It has got more than 15000
outlets in 100 different countries. All the outlets of KFC are strategically opened in different areas where
colleges, schools and offices are there. The reason is, that the youth is much more indulgent in fast-food
products than the aged population of the country.
Distribution Strategy of KFC
With more than 18000 restaurants offering finger-licking fast food worldwide, KFC’s story and market
strategy evolved a lot. The strong tie-ups and collaboration with supply chain partners have helped them
serve the customers much better. KFC always keeps its outlets in premium areas like malls and shopping
places. Also, the KFC outlets carry out delivery for online orders. Thus, KFC covers both offline and
online deliveries.
11
CHAPTER FOUR: FINANCIALS
KFC was started by Colonel Harland Sanders. He discovered his love for cooking when he was only 9
years old. Over the years, he grew up to become the personality the world knows as Colonel Sanders, the
founder of KFC.
He achieved celebrity status in 1952 when he decided to franchise his famous Kentucky Fried Chicken
recipe blend of 11 herbs and spices to the rest of America. In the early 1970s, this special recipe made its
way to Malaysia.
KFC Holdings owns approximately 27 Kedai Ayamas and 4 Ayamas Depot, making them the first
branded chicken and chicken chain. KFC Holdings operates the KFC restaurant chain in Malaysia,
Singapore and Brunei (523 restaurants) and the Rasamas restaurant chain in Malaysia (about 37 outlets).
Sources of finance are where the finance comes from. There are three types of sources which are bank
loans, equity (equity) capital and trade credit.
Finance is money, which is a scarce resource. In order to get it, a business has to compete for it.
Individuals, government and other businesses are looking for money to finance their needs. Those who
have money to lend will lend it provided that the rate of return (interest), risk and flexibility (how quickly
the money can be recovered) are in line with their expectations.
12
CHAPTER FIVE: CONTROLS
5.1 Implementation
The company has continued to attract customers to its restaurants because of diversity. It is estimated that
it serves more than 12 million customers in a single day. The company has operations in more than 109
countries in the world. KFC is famous because of its original recipe that customers have continued to
identify with. The company will continue having good growth prospects with effective strategies in place
Walmart's cost leadership strategy comes with effective resource management at all levels.
5.2 Marketing Organization
KFC (Kentucky Fried chicken) uses demographic segmentation to serve the market according to customer
needs and wants. KFC's consumers are youth and young adults.
Previously, it served the same offering worldwide, meaning it used an undifferentiated targeting strategy.
However, in recent times, following the example of McDonalds, KFC has started to localize its menu,
giving it better market acceptability. In addition, it has recently transformed its positioning strategy from
product to value.
KFC has a strong position in the minds of consumers for its chicken menu. There are very few shops that
serve anything vegetarian. But when it comes to non-vegetarians, KFC is just great. His chicken wings
and chicken bucket is everyone's favorite. This excellent targeting technique is the reason why most non-
vegetarian food lovers flock to KFC.
5.3 Contingency Planning
Kentucky Fried Chicken (KFC) is a large quick-service fried chicken restaurant chain based in Louisville,
Kentucky. As of December 2018, it was already located in 136 countries at 22,621 locations worldwide.
KFC competes with large global food chains such as McDonald's Corporation. In addition to McDonald's
Corporation, KFC owner Sanders surpasses other food chains in its commitment to meet important
consumer needs such as recipe perfection, cooking speed, quality service and availability, pricing, optimal
food temperature, and safety. Kentucky Fried Chicken's value chain starts with suppliers and the
ingredients they offer, such as chicken, mashed potatoes, buns, condiments and packaging. It involves
intermediate processing for cooking, taking orders, and finally assembling the products to deliver the
order and hope that consumers are satisfied. As previously mentioned, quality of service (QoS), food
quality, and price are some of the determinants of consumer satisfaction (Cuong et al., 2019). However,
there have been some problems in the management of the company's operations in recent years, which
have led to the company's bankruptcy even though it is in operation.

More Related Content

Similar to Strategicmarketing_KFC.pdf

Similar to Strategicmarketing_KFC.pdf (20)

Marketing
MarketingMarketing
Marketing
 
Kfc
KfcKfc
Kfc
 
Kfc 141103024457-conversion-gate02
Kfc 141103024457-conversion-gate02Kfc 141103024457-conversion-gate02
Kfc 141103024457-conversion-gate02
 
KFC Vs McDonald-An overview on Local(Pakistan) & International business
KFC Vs McDonald-An overview on Local(Pakistan) & International businessKFC Vs McDonald-An overview on Local(Pakistan) & International business
KFC Vs McDonald-An overview on Local(Pakistan) & International business
 
Kfc in india swot analysis
Kfc in india swot analysis Kfc in india swot analysis
Kfc in india swot analysis
 
Kfc(group 6)
Kfc(group 6)Kfc(group 6)
Kfc(group 6)
 
Kfc final am
Kfc final  amKfc final  am
Kfc final am
 
KFC - Project in HBO
KFC - Project in HBOKFC - Project in HBO
KFC - Project in HBO
 
Kfc company
Kfc companyKfc company
Kfc company
 
Kfc vs. mcdonalds
Kfc vs. mcdonalds Kfc vs. mcdonalds
Kfc vs. mcdonalds
 
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
19080033 kentucky-fried-chicken-kfc-marketing-mix-four-ps
 
Kfc Research Analysis
Kfc Research AnalysisKfc Research Analysis
Kfc Research Analysis
 
Kfc case study
Kfc case studyKfc case study
Kfc case study
 
Research paper on kfc
Research paper on kfcResearch paper on kfc
Research paper on kfc
 
Kfc
KfcKfc
Kfc
 
KFC & the Fast Food Industry
KFC & the Fast Food Industry  KFC & the Fast Food Industry
KFC & the Fast Food Industry
 
KFC Analysis
KFC Analysis KFC Analysis
KFC Analysis
 
Kfcpp
KfcppKfcpp
Kfcpp
 
Presentation on KFC
Presentation on KFCPresentation on KFC
Presentation on KFC
 
Kfc
KfcKfc
Kfc
 

More from Rashna Maharjan

Rise, fall and future of Subway
Rise, fall and future of SubwayRise, fall and future of Subway
Rise, fall and future of SubwayRashna Maharjan
 
Business Plan of Diyalo Pvt. Ltd
Business Plan of Diyalo Pvt. LtdBusiness Plan of Diyalo Pvt. Ltd
Business Plan of Diyalo Pvt. LtdRashna Maharjan
 
International Business Note - Infrastructure University
International Business Note - Infrastructure UniversityInternational Business Note - Infrastructure University
International Business Note - Infrastructure UniversityRashna Maharjan
 
Covid-19 pandemic and Work from Home
Covid-19 pandemic and Work from HomeCovid-19 pandemic and Work from Home
Covid-19 pandemic and Work from HomeRashna Maharjan
 
Digital and Social Media Marketing
Digital and Social Media MarketingDigital and Social Media Marketing
Digital and Social Media MarketingRashna Maharjan
 
Note of Marketing Management MKTG 5210
Note of Marketing Management MKTG 5210 Note of Marketing Management MKTG 5210
Note of Marketing Management MKTG 5210 Rashna Maharjan
 
Note of Organizational Behavior HRMT 5210
Note of Organizational Behavior HRMT 5210Note of Organizational Behavior HRMT 5210
Note of Organizational Behavior HRMT 5210Rashna Maharjan
 
Note of Quality and Change Management MGMT 5212
Note of Quality and Change Management MGMT 5212Note of Quality and Change Management MGMT 5212
Note of Quality and Change Management MGMT 5212Rashna Maharjan
 
Walter A. Shewhart Introduction and Contribution
Walter A. Shewhart Introduction and ContributionWalter A. Shewhart Introduction and Contribution
Walter A. Shewhart Introduction and ContributionRashna Maharjan
 
11 Quiz related to HTML, CSS, JS and WP
11 Quiz related to HTML, CSS, JS and WP11 Quiz related to HTML, CSS, JS and WP
11 Quiz related to HTML, CSS, JS and WPRashna Maharjan
 
Web Development basics with WordPress
Web Development basics with WordPressWeb Development basics with WordPress
Web Development basics with WordPressRashna Maharjan
 
Presentation on Organizational Culture of NCELL
Presentation on Organizational Culture of NCELLPresentation on Organizational Culture of NCELL
Presentation on Organizational Culture of NCELLRashna Maharjan
 
A Report on Organizational Culture of NCELL
A Report on Organizational Culture of NCELLA Report on Organizational Culture of NCELL
A Report on Organizational Culture of NCELLRashna Maharjan
 
Patachara - notable female figure in Buddhism
Patachara - notable female figure in BuddhismPatachara - notable female figure in Buddhism
Patachara - notable female figure in BuddhismRashna Maharjan
 
Singhasartha Bahu - Traditional Nepal Bhasa Comic Story
Singhasartha Bahu - Traditional Nepal Bhasa Comic StorySinghasartha Bahu - Traditional Nepal Bhasa Comic Story
Singhasartha Bahu - Traditional Nepal Bhasa Comic StoryRashna Maharjan
 
Taleju - Traditional Story of Bhaktapur Taleju
Taleju - Traditional Story of Bhaktapur TalejuTaleju - Traditional Story of Bhaktapur Taleju
Taleju - Traditional Story of Bhaktapur TalejuRashna Maharjan
 
One day WordPress workshop
One day WordPress workshopOne day WordPress workshop
One day WordPress workshopRashna Maharjan
 
Time Logger- BSc.CSIT Internship report
Time Logger- BSc.CSIT Internship reportTime Logger- BSc.CSIT Internship report
Time Logger- BSc.CSIT Internship reportRashna Maharjan
 
Daily Expense Tracker BSc.CSIT Project Nepal
Daily Expense Tracker BSc.CSIT Project NepalDaily Expense Tracker BSc.CSIT Project Nepal
Daily Expense Tracker BSc.CSIT Project NepalRashna Maharjan
 

More from Rashna Maharjan (20)

Rashna_ResearchPdf.pdf
Rashna_ResearchPdf.pdfRashna_ResearchPdf.pdf
Rashna_ResearchPdf.pdf
 
Rise, fall and future of Subway
Rise, fall and future of SubwayRise, fall and future of Subway
Rise, fall and future of Subway
 
Business Plan of Diyalo Pvt. Ltd
Business Plan of Diyalo Pvt. LtdBusiness Plan of Diyalo Pvt. Ltd
Business Plan of Diyalo Pvt. Ltd
 
International Business Note - Infrastructure University
International Business Note - Infrastructure UniversityInternational Business Note - Infrastructure University
International Business Note - Infrastructure University
 
Covid-19 pandemic and Work from Home
Covid-19 pandemic and Work from HomeCovid-19 pandemic and Work from Home
Covid-19 pandemic and Work from Home
 
Digital and Social Media Marketing
Digital and Social Media MarketingDigital and Social Media Marketing
Digital and Social Media Marketing
 
Note of Marketing Management MKTG 5210
Note of Marketing Management MKTG 5210 Note of Marketing Management MKTG 5210
Note of Marketing Management MKTG 5210
 
Note of Organizational Behavior HRMT 5210
Note of Organizational Behavior HRMT 5210Note of Organizational Behavior HRMT 5210
Note of Organizational Behavior HRMT 5210
 
Note of Quality and Change Management MGMT 5212
Note of Quality and Change Management MGMT 5212Note of Quality and Change Management MGMT 5212
Note of Quality and Change Management MGMT 5212
 
Walter A. Shewhart Introduction and Contribution
Walter A. Shewhart Introduction and ContributionWalter A. Shewhart Introduction and Contribution
Walter A. Shewhart Introduction and Contribution
 
11 Quiz related to HTML, CSS, JS and WP
11 Quiz related to HTML, CSS, JS and WP11 Quiz related to HTML, CSS, JS and WP
11 Quiz related to HTML, CSS, JS and WP
 
Web Development basics with WordPress
Web Development basics with WordPressWeb Development basics with WordPress
Web Development basics with WordPress
 
Presentation on Organizational Culture of NCELL
Presentation on Organizational Culture of NCELLPresentation on Organizational Culture of NCELL
Presentation on Organizational Culture of NCELL
 
A Report on Organizational Culture of NCELL
A Report on Organizational Culture of NCELLA Report on Organizational Culture of NCELL
A Report on Organizational Culture of NCELL
 
Patachara - notable female figure in Buddhism
Patachara - notable female figure in BuddhismPatachara - notable female figure in Buddhism
Patachara - notable female figure in Buddhism
 
Singhasartha Bahu - Traditional Nepal Bhasa Comic Story
Singhasartha Bahu - Traditional Nepal Bhasa Comic StorySinghasartha Bahu - Traditional Nepal Bhasa Comic Story
Singhasartha Bahu - Traditional Nepal Bhasa Comic Story
 
Taleju - Traditional Story of Bhaktapur Taleju
Taleju - Traditional Story of Bhaktapur TalejuTaleju - Traditional Story of Bhaktapur Taleju
Taleju - Traditional Story of Bhaktapur Taleju
 
One day WordPress workshop
One day WordPress workshopOne day WordPress workshop
One day WordPress workshop
 
Time Logger- BSc.CSIT Internship report
Time Logger- BSc.CSIT Internship reportTime Logger- BSc.CSIT Internship report
Time Logger- BSc.CSIT Internship report
 
Daily Expense Tracker BSc.CSIT Project Nepal
Daily Expense Tracker BSc.CSIT Project NepalDaily Expense Tracker BSc.CSIT Project Nepal
Daily Expense Tracker BSc.CSIT Project Nepal
 

Recently uploaded

DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdfDIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdfmayanksharma0441
 
marketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdfmarketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdfarsathsahil
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentationdgtivemarketingagenc
 
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...Search Engine Journal
 
Content Marketing For A Travel Website On The Examples Of: Booking.com; TripA...
Content Marketing For A Travel Website On The Examples Of: Booking.com; TripA...Content Marketing For A Travel Website On The Examples Of: Booking.com; TripA...
Content Marketing For A Travel Website On The Examples Of: Booking.com; TripA...robertpresz7
 
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCRCall Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCRlizamodels9
 
pptx.marketing strategy of tanishq. pptx
pptx.marketing strategy of tanishq. pptxpptx.marketing strategy of tanishq. pptx
pptx.marketing strategy of tanishq. pptxarsathsahil
 
Local SEO Domination: Put your business at the forefront of local searches!
Local SEO Domination:  Put your business at the forefront of local searches!Local SEO Domination:  Put your business at the forefront of local searches!
Local SEO Domination: Put your business at the forefront of local searches!dstvtechnician
 
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon GarsideInbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garsiderobwhite630290
 
How videos can elevate your Google rankings and improve your EEAT - Benjamin ...
How videos can elevate your Google rankings and improve your EEAT - Benjamin ...How videos can elevate your Google rankings and improve your EEAT - Benjamin ...
How videos can elevate your Google rankings and improve your EEAT - Benjamin ...Benjamin Szturmaj
 
The Impact of Digital Technologies
The Impact of Digital Technologies The Impact of Digital Technologies
The Impact of Digital Technologies bruguardarib
 
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一s SS
 
Jai Institute for Parenting Program Guide
Jai Institute for Parenting Program GuideJai Institute for Parenting Program Guide
Jai Institute for Parenting Program Guidekiva6
 
Forecast of Content Marketing through AI
Forecast of Content Marketing through AIForecast of Content Marketing through AI
Forecast of Content Marketing through AIRinky
 
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝soniya singh
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceSapana Sha
 
Best Persuasive selling skills presentation.pptx
Best Persuasive selling skills  presentation.pptxBest Persuasive selling skills  presentation.pptx
Best Persuasive selling skills presentation.pptxMasterPhil1
 
ASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationAli Raza
 
Omnichannel Marketing: Defining Omnichannel Marketing
Omnichannel Marketing: Defining Omnichannel MarketingOmnichannel Marketing: Defining Omnichannel Marketing
Omnichannel Marketing: Defining Omnichannel MarketingDove Soft Ltd
 
The Skin Games 2024 25 - Sponsorship Deck
The Skin Games 2024 25 - Sponsorship DeckThe Skin Games 2024 25 - Sponsorship Deck
The Skin Games 2024 25 - Sponsorship DeckToluwanimi Balogun
 

Recently uploaded (20)

DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdfDIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
 
marketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdfmarketing strategy of tanishq word PPROJECT.pdf
marketing strategy of tanishq word PPROJECT.pdf
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentation
 
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
Do More with Less: Navigating Customer Acquisition Challenges for Today's Ent...
 
Content Marketing For A Travel Website On The Examples Of: Booking.com; TripA...
Content Marketing For A Travel Website On The Examples Of: Booking.com; TripA...Content Marketing For A Travel Website On The Examples Of: Booking.com; TripA...
Content Marketing For A Travel Website On The Examples Of: Booking.com; TripA...
 
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCRCall Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
 
pptx.marketing strategy of tanishq. pptx
pptx.marketing strategy of tanishq. pptxpptx.marketing strategy of tanishq. pptx
pptx.marketing strategy of tanishq. pptx
 
Local SEO Domination: Put your business at the forefront of local searches!
Local SEO Domination:  Put your business at the forefront of local searches!Local SEO Domination:  Put your business at the forefront of local searches!
Local SEO Domination: Put your business at the forefront of local searches!
 
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon GarsideInbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
Inbound Marekting 2.0 - The Paradigm Shift in Marketing | Axon Garside
 
How videos can elevate your Google rankings and improve your EEAT - Benjamin ...
How videos can elevate your Google rankings and improve your EEAT - Benjamin ...How videos can elevate your Google rankings and improve your EEAT - Benjamin ...
How videos can elevate your Google rankings and improve your EEAT - Benjamin ...
 
The Impact of Digital Technologies
The Impact of Digital Technologies The Impact of Digital Technologies
The Impact of Digital Technologies
 
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
 
Jai Institute for Parenting Program Guide
Jai Institute for Parenting Program GuideJai Institute for Parenting Program Guide
Jai Institute for Parenting Program Guide
 
Forecast of Content Marketing through AI
Forecast of Content Marketing through AIForecast of Content Marketing through AI
Forecast of Content Marketing through AI
 
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Lajpat Nagar Delhi 💯Call Us 🔝8264348440🔝
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts Service
 
Best Persuasive selling skills presentation.pptx
Best Persuasive selling skills  presentation.pptxBest Persuasive selling skills  presentation.pptx
Best Persuasive selling skills presentation.pptx
 
ASO Process: What is App Store Optimization
ASO Process: What is App Store OptimizationASO Process: What is App Store Optimization
ASO Process: What is App Store Optimization
 
Omnichannel Marketing: Defining Omnichannel Marketing
Omnichannel Marketing: Defining Omnichannel MarketingOmnichannel Marketing: Defining Omnichannel Marketing
Omnichannel Marketing: Defining Omnichannel Marketing
 
The Skin Games 2024 25 - Sponsorship Deck
The Skin Games 2024 25 - Sponsorship DeckThe Skin Games 2024 25 - Sponsorship Deck
The Skin Games 2024 25 - Sponsorship Deck
 

Strategicmarketing_KFC.pdf

  • 1. Infrastructure University Himalayan College of Management Kamalpokhari, Kathmandu Assignment of “Strategic Marketing” Submitted By: Rashna Maharjan 05201900003 Submitted To: Sachin Pradhan Himalayan College of Management November 13th , 2022
  • 2. 2 Declaration I hereby declare that the report entitled “Strategic Marketing Plan of KFC” submitted to Mr Sachin Pradhan,. Himalayan College of Management as the assignment of Strategic Management in partial fulfillment of Masters in Business Administration(MBA).
  • 3. 3 Acknowledgement I would like to express my deepest appreciation to all those who provided me the possibility to complete this report. I would like to extend my regards to all the team of HCM MBA department for their timely support. My thanks and appreciations also go to each and every one of our colleagues for their encouragement and support. Furthermore, I would like to acknowledge with much appreciation to Sachin Pradhan for providing this opportunity and contributing in stimulating suggestions and encouragement.
  • 4. 4 Table of Contents Declaration....................................................................................................................................................2 Acknowledgement........................................................................................................................................3 Executive Summary.......................................................................................................................................5 CHAPTER ONE: INTRODUCTION....................................................................................................................6 CHAPTER TWO: SITUATION ANALYSIS ..........................................................................................................7 2.1 Market Summary ................................................................................................................................7 2.1.1 Market Demographics..................................................................................................................7 2.1.2 Market Needs...............................................................................................................................7 2.1.3 Market Trends............................................................................... Error! Bookmark not defined. 2.1.4 Market Growth ............................................................................. Error! Bookmark not defined. 2.2 Swot Analysis ......................................................................................................................................7 2.2.1 Strengths......................................................................................................................................7 2.2.2 Weaknesses..................................................................................................................................7 2.2.3 Opportunities...............................................................................................................................8 2.2.4 Threats .........................................................................................................................................8 2.3 Competition ........................................................................................................................................8 2.4 Product/Service Offering ....................................................................................................................8 CHAPTER THREE: MARKETING STRATEGY.....................................................................................................9 3.1 Mission................................................................................................................................................9 3.2. Financial Objectives ...........................................................................................................................9 3.3 Target Markets....................................................................................................................................9 3.4 Positioning...........................................................................................................................................9 3.5 Strategies ............................................................................................................................................9 CHAPTER FOUR: FINANCIALS ......................................................................................................................11 CHAPTER FIVE: CONTROLS..........................................................................................................................12 5.1 Implementation ................................................................................................................................12 5.2 Marketing Organization....................................................................................................................12 5.3 Contingency Planning........................................................................................................................12
  • 5. 5 Executive Summary KFC is having a very good atmosphere for its employee to work and the corporate culture is also good to deal with but there is little problem with the management issues that should be solved. The food quality and services offered by KFC are excellent. KFC always keeps introducing new variety of chicken and edible products that helps in continuous improvement and growth in the profit margins. Today’s generation is very health conscious and prone to hypertension was thinking what if KFC offers or add fresh produced products such as fruits and vegetables in their menu it can increase their sales as even vegetarian people can enter KFC and can enjoy the delightful ambient. In terms of 4 P’s KFC is doing exceptionally excellent.
  • 6. 6 CHAPTER ONE: INTRODUCTION Kentucky Fried Chicken (KFC) one of the most known fast food chains in the world started in the early 1930's by Kernel Sanders in the Southern USA as a small franchise operation. Colonel Sanders has become a well known personality throughout thousands of KFC restaurants World wide. Quality, service and cleanliness (QSC) represents the most critical success factors to KFC's global success. Food, Fun & Festivity, this is what KFC is all about. Leading the market since its inception, KFC provides the ultimate chicken meals for the Chicken Loving Nation. Be it Colonel Sanders secret Original Recipe Chicken or the Hot & Spicy version, every bite brings a YUM on the face. At KFC we proudly say: KFC has more than 11,000 restaurants in more than 80 countries and territories around the World. In 1971, Heublein, Inc. acquired KFC, soon after, conflicts erupted between the Colonel (which was working as a public relations and goodwill ambassador) and Heublein management over quality control issues and restaurant. Food, fun and festivity, this is what KFC is all leading the maret since its inception, KFC provides the ultimate chicken meals for a chicken loving nation. Kentucky was owned by PepsiCo, Inc in 1986. KFC is the world’s most popular and third largest fast food chicken developer and franchiser. KFC is globally famous for its Original Recipe® fried chicken. It has 5200 units in US out of which 60 percent are franchised. KFC is well known for its fried chicken and has 15,000 outlets in the world so it is globally well known. Company participates in many joint venture operations as well and always tries to find out alternative venues to increase market share to gain better position in the competitive fast food market and establish a stable position. KFC is a part of Yum! Brands, Inc. which is world’s largest restaurant company possessing revenues of $11 billion. KFC is part of the two PepsiCo divisions, which are PepsiCo Worldwide Restaurants and PepsiCo Restaurants International both based in Dallas. David Novak is the president of KFC. KFC restaurants are located in 109 countries and territories around the world and serves 12 million customer everyday generating sales of nearly $10 million per year. KFC is able to provide employment to more than 24,000 people globally.
  • 7. 7 CHAPTER TWO: SITUATION ANALYSIS 2.1 Market Summary The most recognise able brand in chicken with over 30% of the market share Franchise food chain Online order options Deliver orders 2.1.1 Market Demographics Following factors included in the demographical factors of the pest analysis of KFC:- a) Age: Generally there is no age limit which is focus by the KFC. They target & focus on each and every age of the society. But for somehow in our opinion they target heavily on the youngster as compared to the middle & old age. b) Gender: In this case they generally focus on the both Males & Females of the society & similarly target them. -: 3 :- c) Household Size: Household size plays a vital role in the demographical factor of KFC. Generally they target the whole family not a single family members. That’s why he introduced many family packages meals. d) Population: Population also plays a vital role in the demographical factor of KFC. In the light of this population they can make their strategy 2.1.2 Market Needs Consumer needs food They want chicken or other nonveg 2.2 Swot Analysis 2.2.1 Strengths Oldest and finest in Business High Goodwill Does not have any Core competitor In chicken serving Large Number of Outlets at prime locations Serves variety of items under single menu Loyal customers Faces numerous advantages of being a Multinational Organization e.g. economies of scale, government incentives etc. 2.2.2 Weaknesses Presence of Multinational competitors in the market e.g. McDonalds(specialized not in chicken serving but in burgers) Imported raw material rise their prime cost
  • 8. 8 2.2.3 Opportunities Cheap and easy availability of labor Increase consumption of fast food has increased the market size Consumer prefer “All under one roof” in order to increase their sales turnover they can increase or add the served items 2.2.4 Threats Entrance of New competitors into the market and intensive competitions High political instability/uncertainty Health conscious eating habits Animal care activities No support from government agencies 2.3 Competition 1. McDonalds 2. Subway 3. Mr. Burger 4. Burger King 5. Pizza Hut 6. French fries and soft beverages prices with relation to its competitors. 2.4 Product/Service Offering 1. Fried Chicken 2. Hamburgers 3. Sandwiches 4. Fries 5. Soft Drinks
  • 9. 9 CHAPTER THREE: MARKETING STRATEGY  Gives more priority to family  Menu consist of more than 30 products  Open outlets on reachable places  Offers free home delivery  Following societal marketing techniques 3.1 Mission To maximise profitability, improve shareholder value and deliver sustainable growth year after year To be the leading integrated food services group in the ASIAN region delivering consistent quality products and excellent customer-focused service 3.2. Financial Objectives Products are priced high and target middle to upper class people Adopt cost base price strategy 3.3 Target Markets KFC targets the young generation, as here in this country the young generation is more towards eating out and is more energetic. It targets the early single segment that is the upper class 3.4 Positioning KFC products were first offered to upper socio-economic group. Later, introducing discounted and lower price deals, they are now dealing in masses. So, KFC has traded down. In doing so KFC has used the same brand name and same high quality product. 3.5 Strategies Product Strategy of KFC The product strategy is a brief outline of the products that a firm needs to sell its customers. For example, KFC is popular for its world-class chicken burgers and fries. However, the list doesn’t end here. KFC’s international marketing strategy keeps on introducing new items within the menu. Thus, it helps build a strong product strategy and supports marketing.
  • 10. 10 Promotion Strategy for KFC The promotion strategy is connected to the ways in which the products of a firm can be promoted in the market. For example, KFC promotes itself vigorously as the world’s second-largest fast-food giant. The promotion occurs through television ads, magazines, newspapers, and commercial hoardings. KFC has also sponsored the Big Bash League in Australia and many cricket games. Another critical aspect of KFC’s digital marketing strategy is the slogan “It’s Finger-Lickin”, good that reminds its audience about lip-smacking food products and delicacies. Pricing Strategy of KFC The pricing strategy established by the firms sets up the prices of their products to garner the audience’s attention effectively. KFC utilises a discriminatory pricing policy for all products. The products have different pricing and ratings. The food items sold in India are highly affordable. KFC promotes itself through multiple mediums like TV, social media, News Papers, and more. However, it is still lagging on sponsoring huge events. The products sold in different countries have different pricing. Therefore, KFC used price skimming and market penetration technique. This means that when their competitors entered the market, KFC reduced the price a lot, and while introducing new products, KFC kept the prices to a minimum compared to the later stages. This helps them in getting the desired attention. Placement Strategy of KFC The placement strategy relates to tracking the places where a firm can contact the potential buyers for the products. But unfortunately, when it comes to KFC’s market development strategy, KFC’s marketing team is extremely conventional to chalk out the grounds of their restaurants. With its audience-winning strategies, KFC has become a big giant today. It has got more than 15000 outlets in 100 different countries. All the outlets of KFC are strategically opened in different areas where colleges, schools and offices are there. The reason is, that the youth is much more indulgent in fast-food products than the aged population of the country. Distribution Strategy of KFC With more than 18000 restaurants offering finger-licking fast food worldwide, KFC’s story and market strategy evolved a lot. The strong tie-ups and collaboration with supply chain partners have helped them serve the customers much better. KFC always keeps its outlets in premium areas like malls and shopping places. Also, the KFC outlets carry out delivery for online orders. Thus, KFC covers both offline and online deliveries.
  • 11. 11 CHAPTER FOUR: FINANCIALS KFC was started by Colonel Harland Sanders. He discovered his love for cooking when he was only 9 years old. Over the years, he grew up to become the personality the world knows as Colonel Sanders, the founder of KFC. He achieved celebrity status in 1952 when he decided to franchise his famous Kentucky Fried Chicken recipe blend of 11 herbs and spices to the rest of America. In the early 1970s, this special recipe made its way to Malaysia. KFC Holdings owns approximately 27 Kedai Ayamas and 4 Ayamas Depot, making them the first branded chicken and chicken chain. KFC Holdings operates the KFC restaurant chain in Malaysia, Singapore and Brunei (523 restaurants) and the Rasamas restaurant chain in Malaysia (about 37 outlets). Sources of finance are where the finance comes from. There are three types of sources which are bank loans, equity (equity) capital and trade credit. Finance is money, which is a scarce resource. In order to get it, a business has to compete for it. Individuals, government and other businesses are looking for money to finance their needs. Those who have money to lend will lend it provided that the rate of return (interest), risk and flexibility (how quickly the money can be recovered) are in line with their expectations.
  • 12. 12 CHAPTER FIVE: CONTROLS 5.1 Implementation The company has continued to attract customers to its restaurants because of diversity. It is estimated that it serves more than 12 million customers in a single day. The company has operations in more than 109 countries in the world. KFC is famous because of its original recipe that customers have continued to identify with. The company will continue having good growth prospects with effective strategies in place Walmart's cost leadership strategy comes with effective resource management at all levels. 5.2 Marketing Organization KFC (Kentucky Fried chicken) uses demographic segmentation to serve the market according to customer needs and wants. KFC's consumers are youth and young adults. Previously, it served the same offering worldwide, meaning it used an undifferentiated targeting strategy. However, in recent times, following the example of McDonalds, KFC has started to localize its menu, giving it better market acceptability. In addition, it has recently transformed its positioning strategy from product to value. KFC has a strong position in the minds of consumers for its chicken menu. There are very few shops that serve anything vegetarian. But when it comes to non-vegetarians, KFC is just great. His chicken wings and chicken bucket is everyone's favorite. This excellent targeting technique is the reason why most non- vegetarian food lovers flock to KFC. 5.3 Contingency Planning Kentucky Fried Chicken (KFC) is a large quick-service fried chicken restaurant chain based in Louisville, Kentucky. As of December 2018, it was already located in 136 countries at 22,621 locations worldwide. KFC competes with large global food chains such as McDonald's Corporation. In addition to McDonald's Corporation, KFC owner Sanders surpasses other food chains in its commitment to meet important consumer needs such as recipe perfection, cooking speed, quality service and availability, pricing, optimal food temperature, and safety. Kentucky Fried Chicken's value chain starts with suppliers and the ingredients they offer, such as chicken, mashed potatoes, buns, condiments and packaging. It involves intermediate processing for cooking, taking orders, and finally assembling the products to deliver the order and hope that consumers are satisfied. As previously mentioned, quality of service (QoS), food quality, and price are some of the determinants of consumer satisfaction (Cuong et al., 2019). However, there have been some problems in the management of the company's operations in recent years, which have led to the company's bankruptcy even though it is in operation.